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UTLX “Tank Car of Tomorrow” nears testing milestone
Union Tank Car Company’s patent-pending, prototype “Tank Car of Tomorrow” TIH pressure tank car is nearing completion of its second year of accelerated field tests, “reliably equaling more than five…
Greenbrier, Mitsubishi UFJ Lease & Finance join forces
The Greenbrier Companies, Inc. has entered into an alliance with Mitsubishi UFJ Lease & Finance (MUL) through its subsidiary Greenbrier Leasing Company (GLC). MUL plans to acquire a portfolio of…
Greenbrier: 7,000 railcars, $700 million
The Greenbrier Companies, Inc. received new orders in April and May for 7,000 railcar units valued at more than $700 million.
Greenbrier opens Dallas-Fort Worth regional hub
The Greenbrier Companies, Inc. has opened a new regional hub in the Dallas-Fort Worth area that “positions us closer to the bulk of our customer base and North American operations,…
New roles for Wabtec’s Neupaver, Betler
Wabtec Corp. has named Albert J. Neupaver Executive Chairman and promoted Raymond T. Betler to President and CEO, effective May 14, 2014. Betler was also appointed to the Wabtec Board…
Safety appliance evolution
In 2011, the FRA established a process in Part 231.33 of Title 49 of the Code of Federal Regulations for industry organizations like the AAR to submit new safety appliance…
FCA cites winter weather for 1Q woes
"Harsh winter weather" made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May…
RSI Scholarship deadline one month away
The Railway Supply Institute (RSI) said Monday, May 5, 2014 that its RSI scholarship program deadline is May 31.
Freight car forecast: 62,300 units in 2014
Economic Planning Associates has made a modest upward revision to its freight car deliveries estimate for 2014, to 62,300 units. This number, EPA said, “is based on first-quarter 2014’s strength…
ARI profitable 1Q fails to beat Street
American Railcar Industries, Inc. reported a first-quarter profit of $20.8 million, or 97 cents per share, late Wednesday, April 30, 2014, after the closing bell on Wall Street. compared with…
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